The Short Answer
SharkNinja stock (SN) is methodology-dependent and doubtful under the current MSCI-style asset screen for Muslim investors. SharkNinja designs and sells household appliances and kitchen products under the Shark (cleaning, home environment, beauty) and Ninja (kitchen appliances, cooking, outdoor grilling) brands. The core business is generally permissible, but the current receivables-plus-cash ratio fails one examined methodology.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
726.303 / 5,018.262
511.774 / 5,018.262
1,987.38 / 5,018.262
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 14.47%, liquidity/assets is 10.20% and receivables plus cash/assets is 39.60%, below the examined FTSE limits; gross interest income remains unavailable.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 14.47% and liquidity/assets is 10.20%, but receivables plus cash/assets is 39.60%, above the examined MSCI 33.33% limit; gross interest income and activity allocation remain incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets are below the examined Malaysia SAC limits; this is not an official classification and gross interest income remains unavailable.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored, so market-cap denominator methods are not estimated from a current spot price.
Business-activity disclosure
SharkNinja designs and sells household appliances and kitchen products under the Shark and Ninja brands. Consumer appliances are generally permissible and no prohibited core product line is identified, while a universal prohibited-revenue numerator is not disclosed.
Limitation: The filing does not allocate every product, customer or end use into a universal prohibited-activity numerator, and gross interest income is not separately disclosed.
Purification
Gross interest income is not separately disclosed; no purification percentage is inferred from net interest expense.
Inputs, assumptions and primary sources
- Amounts are USD millions from SharkNinja's March 31, 2026 Form 10-Q.
- Debt combines $39.344 million of current long-term debt and $686.959 million of noncurrent long-term debt; operating leases are excluded.
- Cash and cash equivalents are $511.774 million; no separate interest-bearing securities balance is added.
- Accounts receivable, net is $1,475.606 million and first-quarter revenue is $1,412.806 million.
- The filing reports net interest expense rather than gross interest income and does not provide a universal prohibited-revenue numerator.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
The March 31, 2026 filing shows debt/assets of 14.47%, liquidity/assets of 10.20%, and receivables-plus-cash/assets of 39.60%. The last ratio is above the examined MSCI 33.33% limit; gross interest income and a universal activity numerator remain unavailable.
Sharia Screening Methodology
Islamic scholars use several criteria to screen stocks:
- Business activity screen: Is the company's primary business halal?
- Debt ratio: Total debt / market cap must be under 33%
- Interest income: Interest income / total revenue must be under 5%
- Haram revenue: Revenue from haram sources must be under 5%
- Receivables ratio: Total receivables / total assets must be under 49–70% (varies by board)
What SharkNinja Does
SharkNinja, Inc. designs, develops, and markets consumer products under two flagship brands:
- Shark: Vacuum cleaners, cleaning appliances, home-environment products, and beauty devices.
- Ninja: Blenders, air fryers, cooking systems, coffee makers, and outdoor grills.
Designing and selling household appliances is a permissible activity with no haram product lines, so the business-activity screen passes cleanly.
Why It Passes (and What to Check)
1. Permissible Core Business
SharkNinja's revenue comes from consumer appliances and kitchen products — there is no alcohol, gambling, tobacco, conventional-finance, or adult-content revenue. The activity screen passes without concern.
2. Debt Ratio (Confirm Against Filings)
A fast-growing consumer-products company can carry meaningful working-capital debt, so confirm the total-debt-to-market-cap ratio against the 33% threshold using the latest filings.
3. Interest Income (Purify)
The current filing reports net interest expense rather than gross interest income. It is not substituted as an income numerator, so no purification amount is inferred.
Financial Ratios
Based on SharkNinja's March 31, 2026 Form 10-Q (USD millions):
- Debt / Assets: 14.47% — below the examined limits ✅
- Liquidity / Assets: 10.20% — below the examined limits ✅
- Receivables + Cash / Assets: 39.60% — above the examined MSCI 33.33% limit ❌
- Gross interest income: Not separately disclosed ⚠️
Debt and liquidity pass the examined limits, but the MSCI-style receivables-plus-cash screen fails. The core appliance business is generally permissible, while activity and gross-interest numerators remain incomplete.
What About Purification?
Gross interest income is not separately disclosed, so this page does not prescribe a purification amount. Investors should follow the purification guidance of their chosen scholar or methodology.
Methodology Interpretation
The current filing-based asset ratios pass, while gross interest income, product end-use allocation and market-cap denominators remain incomplete. This is a ZakatInvest analysis, not an official index or agency classification.
Bottom Line
SharkNinja (SN) is methodology-dependent and doubtful for Muslim investors. The consumer-appliances business is generally permissible, but the March 31, 2026 receivables-plus-cash ratio is above the examined MSCI limit. Readers should re-screen under their chosen methodology and follow scholarly guidance.
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